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Cash flows Is is typical for Jane to plan, monitor, an assess her financial position using cash flows over a given period, typically a month.

Cash flows Is is typical for Jane to plan, monitor, an assess her financial position using cash flows over a given period, typically a month. Jane has a savings account, and her bank loans money at 6 percent per year while it offers short-term investment rates of 5 percent. Jane's cash flows during August were as follows: Item Cash inflow Cash outflow Clothes -$1,000 Interest received $ 450 Dining out -$500 Groceries -$800 Salary $4,500 Auto payment -$355 Utilities -$280 Mortgage -$1,200 Gas -$222 a. Determine Jane's total cash inflows and cash outflows. b. Determine the net cash flow for the month of August. c. If there is a shortage, what are a few options open to Jane? d. If there is a surplus, what would be a prudent strategy for her to follow? Please show your work (were needed). Thanks

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